Markets Rebound Sharply After Trump's Tariff-Led Slump; Sensex Jumps Over 1,100 Points, Nifty Up 400

The stock market opened in the green on Tuesday, April 8, rebounding strongly after recording its steepest single-day decline in ten months, prompted by a tariff-driven sell-off in the United States that rattled investor confidence.

At 9:15 am, the benchmark BSE Sensex was up by 1,141.14 points or 1.56%, reaching 74,279.04. Similarly, the broader NSE Nifty jumped 401.10 points or 1.81%, opening at 22,562.70, reported Hindustan Times.

Which stocks were the top movers?

Among the 30 Sensex constituents, Tata Steel led the gains, rising by 4.98% to ₹136.05. It was followed by Titan Company, which gained 4.71% to trade at ₹3,166.05, and Tata Motors, which increased by 3.48% to ₹600.

Only one Sensex stock opened in the red - Sun Pharmaceutical Industries, which declined by 0.34%, trading at ₹1,662.75.

Sectoral performance

Within the Nifty sectoral indices, Consumer Durables performed best, climbing 3.25% to 35,112.40. This was followed by Nifty Metal, which gained 2.99% to reach 8,080.90, and Nifty Realty, which rose 2.42% to 795.

Market performance in the previous session

The markets had suffered a sharp fall during Monday's session (7 April), closing significantly lower. The Sensex dropped by 2,226.79 points or 2.95%, ending at 73,137.90, while the Nifty plunged 742.85 points or 3.24%, settling at 22,161.60.

Among Sensex stocks, Tata Steel was the worst performer, sliding 7.73% to close at ₹129.60. Larsen & Toubro followed with a 5.78% decline (₹3,070.85), while Tata Motors fell 5.54% to ₹579.85.

The only gainer among the 30 Sensex stocks was Hindustan Unilever, which edged up by 0.25% to ₹2,250.15.

Sector-wise losers on Monday

In the Nifty Metal Index, Lloyds Metals and Energy led the declines with an 8.86% drop, followed by National Aluminium Company (down 7.86%) and JSW Steel (down 7.53%).

Within the Nifty Realty Index, Anant Raj fell by 7.66%, followed by Sobha (7.46%) and DLF (7.03%).

In the Nifty Media Index, Zee Entertainment Enterprises dropped 6.80%, followed by PVR Inox (down 5.55%) and Dish TV India (down 4.35%).

Investor activity

Foreign Institutional Investors (FIIs) were net sellers, offloading ₹9,040.01 crore worth of equities, whereas Domestic Institutional Investors (DIIs) stepped in as net buyers with purchases worth ₹12,122.45 crore - a major gap.

Meanwhile, the 10-year Indian Government Bond yield fell by 0.23%, with its value settling at ₹102.05.